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National Bank adjusts its mortgage rates
Montreal, 17 January 2007 - National Bank has adjusted its rates for residential mortgages. The new rates are effective as of January 18, 2007.
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TERM
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CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
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FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
8.150
|
8.250
|
0.100
|
|
1 year open
|
8.450
|
8.650
|
0.200
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 months closed
|
6.350
|
6.450
|
0.100
|
|
6 months closed
|
6.350
|
6.450
|
0.100
|
|
1 year closed
|
6.300
|
6.500
|
0.200
|
|
2 years closed
|
6.400
|
6.600
|
0.200
|
|
3 years closed
|
6.400
|
6.600
|
0.200
|
|
4 years closed
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6.400
|
6.600
|
0.200
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|
5 years closed
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6.450
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6.650
|
0.200
|
|
7 years closed
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6.850
|
6.950
|
0.100
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10 years closed
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7.200
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7.400
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0.200
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VARIABLE-RATE CLOSED TERM
|
|
|
|
|
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5.750
|
5.750
|
0.000
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5 years Saver
|
6.000
|
6.100
|
0.100
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5 years Capped rate
|
6.000
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6.000
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0.000
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Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Denis Dubé
Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644
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